Report Update Nov 1, 2024

Sri Lanka - Woven Pile Fabrics and Chenille Fabrics - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Market for Woven Pile Fabrics And Chenille Fabrics 2024

Market Size for Woven Pile Fabrics And Chenille Fabrics in Sri Lanka

In 2021, the Sri Lankan pile and chenille fabric market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from Sri Lanka

In 2021, the amount of woven pile fabrics and chenille fabrics exported from Sri Lanka shrank markedly to X tons, reducing by -48.2% against the year before. In general, exports faced a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 6,234%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, pile and chenille fabric exports shrank remarkably to $X in 2021. Overall, exports showed a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 2,909% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for pile and chenille fabric exports from Sri Lanka, with a 98% share of total exports. It was followed by Hong Kong SAR (X kg), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to India totaled +36.3%.

In value terms, India ($X) remains the key foreign market for woven pile fabrics and chenille fabrics exports from Sri Lanka, comprising 79% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to India amounted to +50.8%.

Export Prices by Country

In 2021, the average pile and chenille fabric export price amounted to $X per ton, with an increase of 14% against the previous year. In general, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 492% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+272.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into Sri Lanka

In 2021, supplies from abroad of woven pile fabrics and chenille fabrics increased by 42% to X tons for the first time since 2016, thus ending a four-year declining trend. Overall, imports, however, saw a abrupt decrease. The growth pace was the most rapid in 2016 with an increase of 76%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, pile and chenille fabric imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt decrease. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest pile and chenille fabric supplier to Sri Lanka, accounting for a 60% share of total imports. Moreover, pile and chenille fabric imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Thailand (X tons), with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+56.4% per year) and Thailand (+26.9% per year).

In value terms, China ($X) constituted the largest supplier of woven pile fabrics and chenille fabrics to Sri Lanka, comprising 53% of total imports. The second position in the ranking was taken by India ($X), with a 23% share of total imports. It was followed by Hong Kong SAR, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+47.1% per year) and Hong Kong SAR (-19.6% per year).

Import Prices by Country

The average pile and chenille fabric import price stood at $X per ton in 2021, growing by 13% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 23%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for woven pile fabrics and chenille fabrics in the world?

China remains the largest pile and chenille fabric consuming country worldwide, comprising approx. 28% of total volume. Moreover, pile and chenille fabric consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. Jordan ranked third in terms of total consumption with a 10% share.

What are the largest producers of woven pile fabrics and chenille fabrics in the world?

China constituted the country with the largest volume of pile and chenille fabric production, accounting for 69% of total volume. Moreover, pile and chenille fabric production in China exceeded the figures recorded by the second-largest producer, the United States, more than tenfold. India ranked third in terms of total production with a 5.3% share.

What are the leading suppliers of woven pile fabrics and chenille fabrics to Sri Lanka?

In value terms, the largest pile and chenille fabric suppliers to Sri Lanka were China, India and Hong Kong SAR, with a combined 93% share of total imports.

What are the leading importers of woven pile fabrics and chenille fabrics from Sri Lanka?

In value terms, the largest markets for pile and chenille fabric exported from Sri Lanka were India, Germany and Hong Kong SAR $12), together comprising 60% of total exports.

What is the average export price for woven pile fabrics and chenille fabrics in Sri Lanka?

In 2021, the average pile and chenille fabric export price amounted to $19,414 per ton, jumping by 15% against the previous year.

What is the average import price for woven pile fabrics and chenille fabrics in Sri Lanka?

In 2021, the average pile and chenille fabric import price amounted to $9,001 per ton, growing by 26% against the previous year.

This report provides an in-depth analysis of the market for pile and chenille fabric in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13204100 - Warp and weft pile fabrics, chenille fabrics (excluding terry towelling and similar woven terry fabrics of cotton, tufted textile fabrics, narrow fabrics)

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023